Brokerages Set Northland Power Inc. (TSE:NPI) Price Target at C$30.14

Northland Power Inc. (TSE:NPIGet Free Report) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$30.14.

Separately, Raymond James upgraded Northland Power to a “moderate buy” rating in a report on Friday, November 15th.

Read Our Latest Research Report on Northland Power

Northland Power Trading Up 0.8 %

Shares of NPI stock opened at C$18.37 on Friday. Northland Power has a 1-year low of C$17.95 and a 1-year high of C$25.36. The firm has a market cap of C$4.73 billion, a PE ratio of 76.54, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The company has a 50-day moving average of C$20.68 and a two-hundred day moving average of C$22.22. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23.

Northland Power Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date was Friday, November 29th. Northland Power’s dividend payout ratio (DPR) is currently 500.00%.

Northland Power Company Profile

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Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.

Further Reading

Analyst Recommendations for Northland Power (TSE:NPI)

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